Plato's Closet vs Hock Shop Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Plato's Closet vs Hock Shop including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Plato's Closet Franchise
Hock Shop Franchise
Investment $251,700 - $390,700$165,000
Franchise Fee $25,000$25,000 - $50,000
Royalty Fee 5%-
Advertising Fee $1K/yr.-
Year Founded 19981983
Year Franchised 19991993
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 5000-


Business Experience Requirements
 
Plato's Closet Franchise
Hock Shop Franchise
Experience --

Financing Options
 
Plato's Closet Franchise
Hock Shop Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/Yes-/-
Equipment No/Yes-/-
Inventory No/Yes-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
Plato's Closet Franchise
Hock Shop Franchise
Training On-The-Job Training: 30 hours Classroom Training: 48 hours -
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform-
Marketing Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app-
Operations Number of Employees Required to Run: 3 - 5 -

Expansion Plans
 
Plato's Closet Franchise
Hock Shop Franchise
US Expansion Yes-
Canada Expansion Yes-
International Expansion No-

Company Overviews

About Plato's Closet

Thank you for your interest in becoming a member of the Plato's Closet franchise family. Plato's Closet offers a truly unique retail franchise opportunity, as it is the only national teen retail store of its kind -- focusing on the buying and selling of gently used, brand-name apparel and accessories for girls and guys! We already have over 200 store locations throughout North America, and that number continues to grow. Our stores fill a distinct niche in the retail marketplace. We are the only national resale business that specializes in the teen and twenty something market group. The wish list for trendy, brand-name apparel and the availability of it in virtually every teen's closet presents fantastic opportunities for both franchise owners and customers alike. Making the decision to be your own boss and be in control of your future is an exciting adventure, and we appreciate being considered in your business search. A Plato's Closet franchise offers franchisees a very unique opportunity, based on a sound business model and the support of the parent company, Winmark Corporation. To learn more about this exciting franchise business opportunity, simply navigate through these informational pages. If you wish to take the next step in changing your future, contact us and a Franchise Developer will contact you with the next steps in the process. Fill in form to the right for free consultation.

"Entrepreneur
#375 in Franchise 500 for 2020.
#335 in Franchise 500 for 2020.

About Hock Shop

Demand for quality used products escalates as Canadian consumers demand greater purchasing value and embrace recycling. This key marketing advantage is unaffected by the economy. Cash services through PayDay advance and cheque cashing add to the bottom line. We truly are the "garage sale with a guarantee" - the Evolution of Retail.
 

We are pleased to announce that customers who are in the local area can now shop and pay for their items online and select the option to pick up at your local store using curb side pickup.

You can now request an invoice be emailed to you. Simply call the store and let us know what you would like to pick up. An email link will take you to our secure website for payment. Payment can be made by credit or debit credit cards.

We can now invoice you for loan payments, retail sales & layaways. Items can be picked up curb side, or shipped to your door - please call the store once payment is made. We will be happy to load your items into your vehicle.